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The Belgian pharma is buying a two-year-old San Diego biotech for $2bn upfront, the second TCE bet it has placed in months. The thesis: B-cell killers built for cancer can rewire how autoimmune diseases are treated. Candid Therapeutics is two years old. It does not have an approved drug. Its lead programme has been tested […]
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Kennan Frost dropped out of college, worked as an engineer at Pinterest, had a panic attack, quit, applied to Y Combinator in 2020, and by his own account failed his way through the programme until a pivot to subscription payments changed everything. Five years later, on 30 April 2026, the company he built, Skio, was […]
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Founders Fund, the venture capital firm co-founded by Peter Thiel, closed a $6 billion growth fund on 1 May, its largest ever and its fourth dedicated late-stage vehicle. The majority of the capital, $4.5 billion, came from limited partners including sovereign wealth funds. The remaining $1.5 billion came from the firm’s own partners and employees, […]
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The venture fund that spent $4.6 billion in a year just raised $6 billion more Read More »
The alternative asset manager’s co-CEO disclosed the returns on a Q1 earnings call, framing the SpaceX gain as a hedge against potential software credit losses from AI disruption, a revealing window into how private credit firms are navigating the AI era Blue Owl Capital has sold approximately half its SpaceX investment at a $1.25 trillion […]
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Blue Owl made 10x its money on SpaceX and has already sold half its position Read More »
The Next Frontier AI Challenge, announced at EurIPS in December, explicitly tells applicants not to try to catch up with OpenAI, but to leapfrog to the next architectural S-curve, with up to €1 billion in follow-on funding dangled for the three winning labs. SPRIND, Germany’s federal agency for breakthrough innovation, opened applications today for its […]
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SPRIND opens applications for €125M competition to build Europe’s first frontier AI labs Read More »
HSBC, BNP Paribas, and Intesa Sanpaolo are among eight institutions that have submitted commitments as sub-underwriters, in one of the largest tests of creditor appetite for AI-linked debt. The $40 billion bridge loan SoftBank signed in March to fund its investment in OpenAI is attracting more lenders, with at least eight banks now having submitted […]
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The Stockholm-founded company, which crossed $100m in ARR in 18 months, has now raised $866m in total, and Nvidia’s entry marks the chip giant’s first investment in legal tech. Legora has added $50 million to its Series D round, bringing the total to $600 million and maintaining its $5.6 billion valuation, the company exclusively told […]
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The Berlin firm, founded in 1997, has raised a new fund every three to four years through every market cycle. Fund VIII is oversubscribed, manages €2.5 billion across strategies, and bets heavily on AI infrastructure, foundation models, and deeptech. Earlybird Venture Capital has closed its eighth early-stage fund at €360 million, the largest in the […]
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The deal, Cognizant’s fourth major acquisition in 18 months, is designed to plug a specific gap in its AI builder strategy: the ability to design, build, and run the physical data centre infrastructure that enterprise AI actually runs on. Cognizant has agreed to acquire Astreya, a San Jose-based IT managed services firm specialising in AI […]
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Cognizant to acquire AI infrastructure specialist Astreya for $600 million Read More »
The Spanish solar developer is betting that co-locating renewable generation with battery storage adjacent to data centres is the answer to AI’s power hunger, and investors are oversubscribed at 6.7x. Europe has a data centre problem. Electricity grids across the continent are struggling to keep pace with the power demands of the AI boom, planning […]
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Spain’s Solaria raises €300m to power data centres with solar and battery storage Read More »